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PITKIN COUNTY
BOARD OF COUNTY COMMISSIONERS
RESOLUTION # /51 2006
A RESOLUTION LEVYING GENERAL PROPERTY TAXES FOR THE YEAR 2006,
TO HELP DEFRAY THE COSTS OF GOVERNMENT FOR THE COUNTY OF PITKIN
COLORADO, AND ITS SPECIAL DISTRICTS FOR THE 2007BUDGET YEAR
1) The assessed valuation for county-wide Pitkin County grew 6% as defined by the County
Assessor's 2006 appraisal of all new real property as described by the existing state property tax law. This
assessed valuation is applied to the mill levy for each county taxing entity or fund listed, to determine the
property tax herein; and
2) In conformance with the mill levy limitation in Colorado State Constitution Article X, Section 20,
(commonly known as Amendment One), Pitkin County gross mill levy total for 2006 does not exceed the
gross mill levy total for 2005; except where mill levy adjustments were made due to loss of prior year
property tax revenues from tax abatements, where voter approval on November 9, 1999 increased the
Open Space fund mill levy to 3.75, were voter approval on November 7, 2006 increased the Healthy
Community Fund mill levy, and where pre-existing debt service commitments require a change in the
property tax collected to pay specific debt payments scheduled for 2007; and
3) A temporary mill ievy reduction is necessary to avoid collection of excess revenue under Colorado
State Constitution, Article X, Section 20, and the Colorado Legislature has determined that either a
temporary property tax credit or a temporary mill levy rate reduction is a reasonable method for setting
annual mill levies and effecting property tax refunds in accordance with Section 20 of Article X of the State
Constitution, C.R.S. section 39-1-111.5; and
4) C.R.S. section 39-1-111.5 authorizes a local government to certify a refund in the form of a
temporary property tax credit or a temporary mill levy rate reduction, provided that the certification includes
the gross mill levy, the temporary property tax credit or temporary mill levy rate reduction expressed in mill
levy equivalents, and the net mill levy and under C.RS. section 39-1-111.5(4), the Assessor shall,
concurrent with delivery of tax warrants to the Treasurer, itemize duly certified temporary property tax credits
or temporary mill levy rate reductions in the manner set forth in C.RS. section 39-1-111.5(2), and under
C.RS. section 39-1-111.5(5) the tax statements shall indicate by footnote which local government mill ievies
reflect a temporary property tax credit or temporary mill levy rate reduction for the purpose of effecting a
refu nd.
5) The 2006 valuation of assessment, as certified by the County Assessor on December 1, 2006,
and the amount of money necessary to balance the budget for each county fund are listed in the attached
table on page 3.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Pitkin County,
Colorado that for the purpose of baiancing the 2007 budget, the following taxes are hereby levied upon each
dollar of the total valuation for assessment of all taxable property within the taxing districts shown below for
the year 2006; that a temporary mill levy rate reduction is authorized; and that the individual mill ievies are
expressed in terms of the gross mill levy, the temporary mill levy rate reduction shown in mill levy
equivalents, and the net mill levy as shown in Exhibit A:
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2006 2006
Assessed Net 2007
Taxing District and Fund Valuation Mill Levy Property Tax
PITKIN COUNTY
General Fund $ 1,934,052,050 2.483 $ 4,802,251
Road & Bridge Fund 1,934,052,050 0.180 348,129
Social Services Fund 1,934,052,050 0.025 48,351
Healthy Community Fund 1,934,052,050 0.648 1,253,266
TV & FM Translator 1,934,052,050 0.283 547,337
Open Space & Trails Fund 1,934,052,050 3.760 7,272,036
County General Obligation Fund 1,934,052,050 0.223 431,294
PITKIN COUNTY SUBTOTAL 14,702,664
Aspen Library Fund 1,781,467,851 1.398 2,490,491
Aspen Ambulance District Fund 1,392,719,052 0.228 317,540
Twining Flats GID Fund 2,444,250 6.359 15,543
Redstone Ranch Acres GID 1,805,840 4.234 7,646
GRAND TOTAL $ 17,533,884
. INTRODUCED, FIRST READ, AND SET FOR PUBLIC HEARING AT THE
REGULAR MEETING ON THE 12TH DAY OF DECEMBER, 2006.
NOTICE OF PUBLIC HEARING PUBLISHED IN THE ASPEN TIMES ON THE
10TH DAY OF DECEMBER, 2006.
APPROVED AND ADOPTED AFTER SECOND READING AND PUBLIC HEARING
ON THE 20TH DAY OF DECEMBER, 2006.
PUBLISHED AFTER ADOPTION IN THE ASPEN TIMES ON THE 31ST DAY OF
DECEMBER, 2006.
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ATT~ST: )
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. Jtffr!A 1M ~t4J}A)
Jea ette Jones .
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Deputy Clerk & Recorder
BOARD OF COUNTY COMMISSIONERS
Michael C. Irela d, Chairp son
(also acting as the Board of Directors of the Aspen
Ambulance District, and Redstone Ranch Acres, and
Twining Flats General Improvement Districts)
Date: /1- ....$.6- ~
RECOMMENDED FOR APPROVAL:
// 1/
/~~ /('C~
Debe Nelson
Finance Director
MANAGER APPROVAL:
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